PPP Loan Data: Philadelphia, PA
Paycheck Protection Program statistics for the Philadelphia metro area. 145,787 loans disbursed, 7,581 unforgiven and potentially subject to enforcement.
Medium Enforcement Risk42.5% of PA total
Avg: $99,753 per loan
$684M outstanding
94.8% forgiveness rate
PPP Program Overview: Philadelphia, PA
Between April 2020 and May 2021, the U.S. Small Business Administration disbursed approximately 145,787 Paycheck Protection Program loans in the Philadelphia metropolitan area, totaling $14.5B. These loans supported approximately 1.2M jobs in the local economy during the COVID-19 pandemic.
Of these loans, 138,206 (94.8%) were fully forgiven. However, 7,581 loans totaling $684M remain unforgiven and are potentially subject to SBA collection, Treasury offset, or DOJ enforcement action.
Philadelphia is part of Pennsylvania, which has a Medium enforcement risk classification. The DOJ PPP Strike Force operates nationally, with particular focus on major metropolitan areas where loan volumes and dollar amounts are highest.
Enforcement Risk in Philadelphia
Philadelphia has moderate PPP enforcement activity. While not among the highest-priority metros, the DOJ and SBA OIG maintain active investigations in this area. Borrowers with loans over $150,000 or those with discrepancies in their applications should be particularly vigilant.
The False Claims Act statute of limitations extends through 2030-2031 for PPP loans. This means new enforcement actions can still be initiated against Philadelphia borrowers for several more years.
Philadelphia vs. Pennsylvania Average
Frequently Asked Questions: PPP in Philadelphia
How many PPP loans were issued in Philadelphia, PA?
Philadelphia, Pennsylvania received approximately 145,787 PPP loans totaling $14.5B between April 2020 and May 2021. The average loan size was $99,753, supporting approximately 1.2M jobs in the Philadelphia metro area.
How many PPP loans in Philadelphia were not forgiven?
Approximately 7,581 PPP loans in the Philadelphia metro area (5.2% of total) were not forgiven, representing $684M in outstanding obligations. These borrowers may face Treasury collection actions or SBA enforcement.
What is the PPP enforcement risk in Philadelphia?
Philadelphia is in a "Medium" enforcement risk area. The DOJ PPP Strike Force and SBA OIG maintain active investigations in major metro areas. Borrowers in Philadelphia with unforgiven loans or application discrepancies should be aware of ongoing enforcement activity through 2030-2031.
Can I still face a PPP audit in Philadelphia in 2026?
Yes. The False Claims Act has a 6-10 year statute of limitations. Since PPP loans were issued in 2020-2021, enforcement actions can continue through 2030-2031. Philadelphia borrowers remain at risk regardless of whether their loan was forgiven.
Are You at Risk?
7,581 Philadelphia area borrowers have unforgiven PPP loans. Find out your specific risk level in under 3 minutes.
Other Cities in Pennsylvania
View all Pennsylvania data →Data Sources: U.S. Small Business Administration PPP Data Reports, PandemicOversight.gov, U.S. Treasury Department. Metro-area estimates derived from state-level data with population-weighted distribution. Last updated May 2026.